The average length of loans for new and used vehicles in the U.S. in the first quarter hit record highs, and nearly 30 percent of new-vehicle loans have pay-back periods longer than six years, Experian Automotive says....Read More »

UK car sales in October rose 14 percent but will likely slow as consumers brace for a rise in interest rates next year. Total new registrations are heading toward 2.46 million for this year, a return to pre-recession levels....Read More »

GM plans to leverage its return to investment grade, which could lower borrowing costs, by strengthening its lending arm, CFO Chuck Stevens said. GM was forced to sell control of its former GMAC lending arm to raise money, and it now has a smaller, more strategic, finance unit that is getting stronger....Read More »